Megmilk Snow Brand reports sales of US$986M in H1 FY2026

JAPAN – Megmilk Snow Brand has announced that in H1 FY2026, net sales increased to US$986.6 million (155.1 billion yen), a 1.8% increase year on year, mainly due to strong performance from cheese, yogurt and dessert.

Operating profit increased US$1.27 million (0.2 billion yen) year on year, or 5.8%, to US$22.9 million (3.6 billion yen) a result of price increases implemented in the summer of the previous year.

Ordinary profit was US$25.4 million (4.0 billion yen) due to a decline in dividend income as a result of the sales of cross-shareholdings.

Profit attributable to owners of parent increased to US$92.2 million (14.5 billion yen), in part due to the recognition of extraordinary profit associated with the sale of the former Tokyo head office.

Butter sales declined 3.6% this period, after a surge in last-minute demand ahead of price increases and replacement demand due to competitor stock outages in the previous fiscal year.

 Sales of margarine fell 6%, reflecting sluggish demand in the overall market. However, cheese sales increased by 2.1%, with 6P Cheese and Sakeru Cheese performing strongly.

Sakeru Cheese in particular performed well from the end of the previous fiscal year, recording a double-digit year-on-year increase.

Megmilk Snow Brand to invest US$68.7M to expand its facilities

Megmilk announced plans to invest US$68.7 million to expand the three sites in Ebina, Noda and Matsuyama.

Unspecified production work will start in the second half of the company’s 2027 fiscal a year, a period that begins in September. Operations will start in the first half of Megmilk’s 2028 financial year.

The moves are part of a set of changes the group has made to its manufacturing network. A plant in Kobe ended production in March.

A factory in Okoppe will see production cease in 2030. The company is investing in cheese production at sites in Ami and Nakashibetsu.

The moves are part of a set of changes the group has made to its manufacturing network. A plant in Kobe ended production in March.

A factory in Okoppe will see production cease in 2030. The company is investing in cheese production at sites in Ami and Nakashibetsu.

Outside Japan, Megmilk is set to see production at a new cheese factory in Vietnam begin in the first half of this year.

To receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world, SUBSCRIBE HERE.